HD Divergence play with KeyCode Paths + they just bought a SHIPMy millionaire Mentor Richard taught me his divergence play set up and said if HD ever comes down start looking for Divergence.... So here we are. We have Divergence and Keycode is set to a strong play in the past where price action is contained inside of it at at least 95% or better.
I made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past Trend Prediction by tracing the trend it made after this move in the past and projecting it forward on to the current move.
Then I took the same move on the Daily which is a different Time frame then the first..and found the same move with out a key and traced its path and projected it forward as well.
Sometimes I use about 5 other Price Action tricks I have have developed over the last 10 months or chart out the Curve and what Stage it is in. The Curve is my own brain child and I compare that to Wycoff method. Taking all of these into account You have several different approaches to confirming direction and intent of the institutional buyers and where Retail resides during this move.
If you would like to have more information or videos on Any of the ways I chart pls comment below. Like, follow, Subscribe...share.
Thank you,
iCantw84it
06.15.2021
HDI trade ideas
IRON TARIHi guys,
this is an inverter iron condor, 4 weeks and strike 3%. We have 14% probability to end ITM, so 86% probability that our inverted condor gets the maximum profit!
RR is pretty nice too, becuase selling @305$ and @325$ with 5$ spread, max profit is 200$ and max loss 300$, but we win the max profit 86 times out of 100.
Subscribe for free to get access at my indicator.
Enjoy your wallet!
Tari.
HD potential reversal Watching HD here for a potential reversal here. If we can reverse here my target will be around 321 again, so I'm looking at the July-August 320/325 debits. LOW has been in a tight range the past week. So maybe HD will just do the same? Going to have to wait and see who takes the lead.
Home Depot Undercuts and Holds Recent LowHousing stocks like Home Depot pulled back hard in May as the real estate market slowed. However, the bears may be throwing in the towel.
The main pattern of interest on this chart is support materializing around $310. This was near the low on May 19, the same session that HD bounced at its 50-day simple moving average (SMA). It’s also near a price gap on April 5, immediately after the long Easter weekend.
While this price area isn’t very obvious, stabilization here could be bullish. After all, HD just broke support at its 50-day SMA. That should be bearish, but where are the sellers ? Perhaps there are none.
Next, housing stocks were overbought a month ago and had a sharp pullback. (HD’s 7.1 percent crash on May 11-12 was its worst two-day drop in over a year.) But now volatility is ebbing.
Finally, stochastics have been in oversold territory.
The overall macro environment remains positive for housing. Interest rates have calmed and the economy continues to improve. Numbers like starts and sales were very weak in April, but the underlying supply/demand balance remains favorable. That may draw more buyers to HD in coming weeks if it remains above the $310 area.
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Home Depot is in TroubleLumber prices are going to severely hurt HD
Currently low interest rates will keep demand high enough to keep lumber high
The average homeowner has largely crossed HD off their shopping trip as they wait for prices to normalize. This lack of regular business is going to bring HD down sharply if lumber remains inflated.
Watch the numbers the next couple of quarters, things are going to get ugly.
$HD with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $HD after a Negative Under reaction following its earnings release placing the stock in drift D
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Follow-up analysis $HD positionNYSE:HD
One thing I do different about this specific option strategy is the trade analysis that I do for trade management. This would determine if I exit early at half of the debit or see it to expiration and risk full loss.
Initial trade set up triggered entry 04/21 Debit Put Spread $300/325 14 May 21 expiry. Price needs to be below $325 at expiration for this trade. Since Price is showing weakness and overextension. Holding this spread 'til expiration.
HD about to murder people on earnings NYSE:HD
If you haven’t been long HD over the years or below $250 just don’t. Like don’t even think to buy that stock. If you bought that stock above $300 just sell it now and buy me a drink later. Your welcome. Cover Call to the max!!!
Great stock, Great company, Crazy price.... let it cool off. Don’t believe me look at AMZN after earnings